As long as an economic profit is available,a perfectly competitive market will continue to attract new entrants.

Question

Quizplus · Accepted Answer

In a perfectly competitive market, there are no barriers to entry or exit. If an economic profit is available, new firms will enter the market to take advantage of it, which will eventually lead to increased competition and lower profits until only normal profits remain. As long as there is potential for economic profit, new firms will continue to enter the market.

As Long as an Economic Profit Is Available,a Perfectly Competitive